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Lightfoot Inc - dividends per share - 15 Jan, 2016

11-2 Dividends per share OBJ. 2
Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 par, and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $58,000; third year, $75,000; fourth year, $124,000.

Calculate the dividends per share on each class of stock for each of the four years.



Category : Financial Accounting

Search Keywords :
Lightfoot , Dividends , Share , Preferred , Common , Cumulative 


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Answer  - 15 Jan, 2016
Please see the excel attachment....


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